57k! The Fed’s rate-hike script was torn apart on the spot by employment data!

57k vs. the expected 110k.

It’s nearly double the gap.

This is a straight-up slap in the face.

Just when everyone was still debating whether Waller—the hawkish lunatic—would raise rates in September, the U.S. job market delivered a direct slap: loud, crisp, and utterly merciless.

On July 2, the June nonfarm payrolls data was released:

Only 57k new jobs were added.

The expectation was 110k.

Even harsher: the May prior value was revised down directly from 172k to 129k.

Do you think this is a coincidence?

Look at the ADP released the day before—98k, also a flop.

Two independent data sets, two different reporting angles, pointing in the same direction:

The job market is really cooling down.

But then something interesting shows up in the data—

The unemployment rate actually fell to 4.2%, the lowest since June 2025.

Jobs are collapsing, but the unemployment rate is dropping?

How does that work out?

It’s simple: the labor force participation rate is very likely declining at the same time.

What does that mean?

A large number of Americans have stopped looking for jobs.

Since they’re no longer in the labor market, they’re not counted as unemployed.

So the unemployment rate naturally looks “good.”

This is called false prosperity.

Fewer people are looking for work, and fewer hiring roles are being added.

Both sides are shrinking together.

As soon as the data came out:

Gold shot straight up, directly hitting $4,120.

The U.S. Dollar Index plunged by 30 points.

U.S. stock index futures all surged higher.

All assets are doing the same thing:

Pricing in a “delay in rate hikes.”

Pay attention: it’s a delay, not a cancellation.

But in this market, as long as there’s no rate hike, it’s bullish.

Previously, the market had been pricing in a September rate hike.

Now? That expectation is being rolled back.

What does that mean for BTC?

The $58k level has always felt awkward to me.

It’s neither up nor down—both bulls and bears feel uncomfortable.

But last night’s nonfarm report gave me a judgment:

$58k might be the policy bottom of this round of correction.

Why?

Because the biggest enemy of non-yielding assets has never been regulation, not hackers, not miner sell-off—

It’s rate hikes.

Rate hikes raise the cost of capital, and risk assets are the first to take the hit.

And once rate-hike expectations recede, the valuation pressure on BTC gets loosened.

Why is gold surging so hard?

Because it’s also a non-yielding asset.

Same logic: whatever gold is reflecting, BTC will reflect it too.

Same direction—just a different magnitude.

This long weekend, the U.S. stock market is closed, and liquidity will be thinner than usual.

But the biggest macro anchor has already landed.

If you’re waiting with ammo to add—

This nonfarm report might be the starting gun.

Don’t let emotion wash away your chips in the bottom-range consolidation.

The data is telling you: the gloom of rate hikes is starting to lift.

“If you don’t cherish the $58k BTC, when the expectation of rate hikes truly stops, you may have to chase it back at $80k.”#GateCard上线积分体系 #非农爆冷打压加息预期 #沃什宣告终结前瞻指引 $BTC $ETH $XAU